Mirae Asset Mutual Fund launches Mirae Asset Nifty 50 Index Fund

NFO period: 10^th October - 18^th October, 2024

Highlights of the NFO:

• Scheme type - An open-ended scheme replicating / tracking Nifty 50 Total Return Index.


• Investment objective - The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error.


• Product suitability - This product is suitable for investors who are seeking returns that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error. Investment in equity securities Covered by Nifty 50 Total Return Index.


• Minimum Application Amount - Rs. 1,000/- and in multiples of Re. 1/- thereafter.


• Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).


• Fund Managers - Ms. Ekta Gala and Mr. Vishal Singh


• Benchmark - Nifty 50 Total Return Index.